What are the features and benefits of eNaira? How does it work, and how can I start using it? These are the most critical question to ask right now. We have heard the news but are not yet sure about the process, features, and benefits. Nigeria's Central Bank (CBN) has officially introduced eNaira, a digital currency that allows consumers and companies to make fast, efficient, and dependable online payments.

You can read more about the Launch of the eNaira here

After the Launch of the eNaira, what comes next is to educate Nigerians on how to take advantage of the new digital currency. So this post is all about the features, benefits, and how you can get started with the eNaira.

Features and Benefits of eNaira

Not sure what you can do with eNaira? Below is the list of the things you can do with the new Nigerian eNaira (features and benefits of eNaira).

• It's a fast and secure payment channel.
• Send, receive, and spend with ease.
• A digital storage for accessing and holding cash.
• Can be connected to bank accounts to enable more transactions.
• Enables affordable remittances and diaspora payments.
• Secured with cryptographic techniques against counterfeiting, cloning, and other forms of a fraud attack.
• The eNaira feature will be available on most bank Mobile Apps and Internet Banking for transfers to and from the eNaira wallets.

How to get started as an Individual

If you want to get onboard to know how the new eNaira works, then you are on the right path, all you need to the is to do the following;

• Download the eNaira Speed Wallet app on Google Play or Apple Store.
  
• Click on Sign up and select your bank.
• Complete the registration process with the following details- Name, State of Origin, BVN, Account Number, Email address, and other information required.

How to get started as a Merchants

If you own a business and desire to send and receive payment directly to your eNaira account, you must follow the instructions below.

• Download the eNaira Speed Merchant Wallet app on Google Play or Apple Store.
  
• Click on Sign up and select your bank.
• Complete the registration process with the following details- Name, State of Origin, BVN, Account Number, Email address, and other information required.

How to fund your eNaira wallet

If you have downloaded the eNaira app designed for individuals or merchants, you have to complete the registration process, fund your account, and start making payments for a lesser fee or even free. You can use the eNaira to pay for products and services online in Nigeria.

• Log in to your Bank Mobile App.
• Select Transfer and tap on eNaira.
• Enter your eNaira Speed Wallet login details.
• Select Deposit or Withdraw and complete the transaction with your Mobile App PIN.

Do you see how easy it can be? Get on board if you have something to say about the new Nigerian eNaira and anything related to it.